General header
The Minnesota Department of Revenue recently became aware of a potential issue with reporting state tax refunds in tax preparation software.
While the instructions for Form M1, Individual Income Tax, indicated amounts on line 6 of Form 1 should only include amounts reported on line 1 of Federal Schedule 1, you may also need to include state tax refunds reported on Schedules KF, KPI, and KS on line 6 of Form M1.
*How is this issue being handled?*
We have updated the instructions for line 6 of Form M1 to account for state income tax refunds received through a pass-through entity on the corresponding Schedule KF, KPI, or KS. Impacted Software Providers should be updating their products to reflect this change.
*What should I do about this issue?*
If your software does not allow state tax refund amounts reported on Schedules KF, KPI, or KS on line 6 of From M1, reach out to your software provider to have them update their software before submitting the M1.
If you already filed the return and did not include these amounts on line 6 of the M1, you may need to amend your return.
Visit our website:
www.revenue.state.mn.us [ [link removed] ]
Logo
STAY CONNECTED: Visit us on Twitter [ [link removed] ] Find us on Facebook [ [link removed] ] Visit us on YouTube [ [link removed] ] Sign up for email updates [ [link removed] ]
SUBSCRIBER SERVICES:
Manage Preferences [ [link removed] ] | Help [ [link removed] ] | Contact Us [ [link removed] ]
Bookmark and Share [ [link removed] ]
________________________________________________________________________
This email was sent to
[email protected] using GovDelivery Communications Cloud on behalf of the: Minnesota Department of Revenue · 600 North Robert Street · Saint Paul, MN 55101 · 651-556-3000 GovDelivery logo [ [link removed] ]